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Safe Rate's TrueRank Guarantee
Our rankings are earned, not bought. We analyze 2,347 lenders using federal HMDA data—no pay-to-play, no cherry-picking. You see the best options based on performance metrics, not advertising dollars.
Best Bank Mortgage Lenders in Memphis
Updated February 5, 2026
Market Overview
27
Total Lenders
4,205
Total Loans
0.17%
Median Rate Spread
| Rank | Lender | Overall | Pricing | Pull Through | Place | Avg Fees | Spread | Volume | Action |
|---|---|---|---|---|---|---|---|---|---|
1 | Patriot Bank | Exceptional | Exceptional | Strong | Exceptional | $1,296 | -0.027% | 399 | |
2 | Pinnacle Bank | Exceptional | Strong | Strong | Exceptional | $2,324 | +0.096% | 402 | |
3 | Trustmark National Bank | Strong | Sound | Exceptional | Exceptional | $2,143 | +0.219% | 335 | |
4 | Eagle Bank and Trust Company | Strong | Sound | Exceptional | Exceptional | $3,142 | +0.296% | 272 | |
5 | Financial Federal Bank | Strong | Strong | Strong | Strong | $661 | -0.088% | 121 | |
6 | Bank of America, National Association | Strong | Strong | Strong | Strong | $2,610 | -0.007% | 77 | |
7 | Cadence Bank | Strong | Sound | Strong | Exceptional | $2,250 | +0.001% | 421 | |
8 | Wells Fargo Bank, National Association | Strong | Strong | Sound | Strong | $2,263 | +0.050% | 84 | |
9 | Truist Bank | Strong | Strong | Strong | Sound | $2,324 | +0.218% | 61 | |
10 | U.S. Bank National Association | Strong | Strong | Strong | Sound | $847 | +0.251% | 48 | |
11 | BankPlus | Strong | Strong | Strong | Sound | $1,230 | +0.171% | 41 | |
12 | First Horizon Bank | Strong | Sound | Strong | Strong | $1,343 | +0.086% | 241 | |
13 | Regions Bank | Strong | Sound | Strong | Strong | $1,957 | +0.462% | 240 | |
14 | JPMorgan Chase Bank, National Association | Strong | Sound | Strong | Strong | $2,244 | +0.021% | 199 | |
15 | Evolve Bank & Trust | Strong | Sound | Strong | Strong | $2,288 | +0.220% | 181 | |
16 | Simmons Bank | Strong | Sound | Strong | Strong | $1,504 | +0.723% | 107 | |
17 | FirstBank | Strong | Sound | Exceptional | Sound | $1,681 | +0.534% | 52 | |
18 | First Citizens National Bank | Strong | Strong | Sound | Sound | $829 | -0.319% | 36 | |
19 | Renasant Bank | Strong | Acceptable | Exceptional | Strong | $2,320 | +0.300% | 200 | |
20 | Community Bank of Mississippi | Strong | Acceptable | Exceptional | Strong | $2,131 | +0.265% | 57 | |
21 | Bank of England | Strong | Acceptable | Strong | Strong | $2,655 | +0.213% | 104 | |
22 | USAA Federal Savings Bank | Strong | Sound | Sound | Sound | $1,635 | -0.109% | 53 | |
23 | Independent Bank | Sound | Acceptable | Sound | Strong | $2,320 | +0.386% | 110 | |
24 | Flagstar Bank, N.A. | Sound | Acceptable | Strong | Sound | $2,807 | +0.421% | 64 | |
25 | The Federal Savings Bank | Sound | Mediocre | Sound | Sound | $3,381 | +0.575% | 28 |
How We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Place
Local market expertise (33%)
Data Integrity & Updates
Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.
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